A New Affordable Housing Community in Southeast Portland

REACH Community Development Breaks Ground on 73Foster

REACH Community Development (REACH), has officially broken ground on 73Foster, a new 64-unit affordable housing development in Portland’s Foster-Powell neighborhood. This $31.2 million investment in deeply affordable, service-enriched housing is being built by Walsh Construction and designed by Holst Architecture.

73Foster will include 22 Permanent Supportive Housing (PSH) units and 42 apartments for households earning at or below 60% of the Area Median Income (AMI). Residents will benefit from onsite wraparound services, in-unit heating and cooling, laundry facilities, bike storage, and a food pantry. A central landscaped courtyard will offer spaces for quiet relaxation and active play, creating a welcoming and inclusive environment for individuals and families.

In a moment when housing insecurity is one of the most urgent crises we face, 73Foster is a reminder that we are not standing still. We are building forward,” said U.S. Congresswoman Maxine Dexter, M.D. (OR-3). “These homes will provide safety, dignity, and stability for individuals and families who need it most. It is downpayment on a future where every Oregonian can thrive—and exactly the kind of project our public dollars should support.”

Located just one block from REACH’s earlier development, 72Foster, and adjacent to the Portland Mercado, 73Foster strengthens REACH’s long-term commitment to equitable development in a neighborhood where 50% of residents identify as people of color and the average household income is approximately $24,400.

“This investment means that families and individuals in our community who want to stay in Southeast Portland can afford to live here,” said Senator Khanh Pham (SD 23). “73Foster affirms that everyone deserves a home where they feel welcome, safe, and supported.”

REACH partnered with Community Vision to incorporate universal design elements that promote accessibility for people of all abilities. The project also draws on partnerships with Asian Pacific American Network of Oregon (APANO) and El Programa Hispano Catolica (EPHC) to provide culturally responsive outreach, translation services, leasing support, and ongoing resident engagement.

“This development represents an intentional investment in a thriving, diverse neighborhood – and a commitment to ensuring all Oregonians, regardless of income or ability, have access to a safe and stable home. We are proud to support this project through our Local Innovation and Fast Track and Permanent Supportive Housing programs and to stand alongside our partners, including REACH, in advancing equitable housing solutions that reflect the voices and needs of the community,” said Oregon Housing and Community Services Executive Director Andrea Bell.

“Foster-Powell is one of our most culturally diverse neighborhoods – but also a community where far too many live in poverty,” Metro Councilor Duncan Hwang said. “73Foster will enable people with disabilities and others who are left out of Portland’s housing market to thrive, offering stability, accessibility, and connection.”

“Regulated affordable housing is a critical tool for addressing our region’s homelessness crisis,” said PHB Director Helmi A. Hisserich, “which disproportionately impacts those living with disabilities. PHB is proud to fund 73Foster, an innovative development which will serve this community, along with other low-income Portlanders, for decades to come.”

The building’s mixed-income, service-enriched model is designed to serve a wide range of residents, including individuals who have experienced homelessness or live with disabilities.

“REACH is proud to be building homes in a neighborhood where families and individuals can thrive with dignity and support,” said Margaret Salazar, CEO of REACH. “This development reflects the values of our organization: equity, accessibility, and the power of community-driven partnerships.”

Project funding sources include Portland Housing Bureau and Metro Bond funds, Oregon Housing and Community Services LIFT and PSH funds, Metro Transit-Oriented Development (TOD) Grant, Portland Clean Energy Community Benefits Fund (PCEF), Energy Trust of Oregon, and private bank financing from Network For Oregon Affordable Housing (NOAH).

Construction begun in June 2025, with residents expected to move in by 2026.